Business and Marketing Education

B USINESS M ANAGEMENT

Standard 1 Identify and define basic financial terms used in business: x Asset x Liability x Owner’s Equity

x Revenue x Expense

Standard 2 Analyze basic financial statements used in business: x Income Statement x Balance Sheet x Cash Flow Statement Standard 3 Analyze and interpret data that appears on financial statements used in making management decisions: x Return on Sales x Breakeven Analysis Standard 4 Identify and explore sources for securing financing to start and operate a business.

x Personal Savings x Bank Financing x SBA Loans x Crowd Sourcing x Venture Capital

Performance Skills Utilize an electronic spreadsheet to manipulate financial data. Ex. formulate an income statement, a balance sheet, or a cash flow statement. Workplace Skills Students will connect their knowledge with current workplace skills including:

x Critical thinking x Problem solving x Communication x Mathematical competency

STRAND 6 Economics - Students will understand economic concepts that affect the business decision- making process.

6 | P a g e

M a y 2 0 1 9

146